IPC Iplayco Corporation Ltd

Iplayco Corporation Limited (TSX VENTURE:IPC) ("Iplayco" or the "Company") today
announced its financial results for the three months ended December 31, 2009.
All amounts are in Canadian dollars unless otherwise noted.


This press release contains financial information derived from Iplayco's
unaudited interim consolidated financial statements for the three months ended
December 31, 2009. More detailed information can be found in the unaudited
interim consolidated financial statements and Management's Discussion and
Analysis for the three months ended December 31, 2009, which are being filed
with the applicable Canadian regulatory authorities.


"Although the general economic environment remains very challenging, we are
seeing some encouraging signs of increased activity. Our sales for the three
months ended December 31, 2009 ("Q1-10") increased by 7.1% to $1,801,951
compared to $1,682,700 for the three months ended September 30, 2009 ("Q4-09"),
and we expect that for the three months ending March 31, 2010, sales from our
manufacturing operations will increase as compared to Q1-10, mainly as a result
of an increase in the number of sales quotes submitted and general sales
activity from our U.S. customers who account for a significant portion of our
sales" said Scott Forbes, President and Director of Iplayco. Sales from our
manufacturing operations accounted for 83.2% of our total sales in Q1-10
compared to 80.9% in Q4-09, and increased by 10.1% to $1,498,579 in Q1-10
compared to $1,360,869 in Q4-09. "Sales from our family entertainment centre
operations accounted for 16.8% of our total sales in Q1-10 compared to 19.1% in
Q4-09 and decreased by 5.7% to $303,372 in Q1-10 compared to $321,831 in Q4-09.
The Board of Directors of Iplayco is also very pleased with management's cost
reduction measures, which include continuing efforts to rationalize production
costs and to reduce administrative expenses."


Results for the three months ended December 31, 2009 as compared to the three
months ended September 30, 2009


Sales for Q1-10 increased by 7.1% to $1,801,951 compared to $1,682,700 in Q4-09.
Gross profit was 43.6% of sales in Q1-10, compared to 54.8% in Q4-09. Operating
expenses were $712,593, or 39.5% of sales, in Q1-10, compared to $1,073,657, or
63.8% of sales, in Q4-09. Net earnings in Q1-10 were $45,482, or diluted
earnings per share of $0.00, compared to net losses of $188,962, or losses per
share of $0.02 in Q4-09.


Results for Q1-10 as compared to Q1-09

Sales for Q1-10 decreased by 48.0% to $1,801,951 compared to $3,463,146 for
Q1-09. Gross profit was 43.6% of sales in Q1-10, compared to 40.4% in Q1-09.
Operating expenses were $712,593, or 39.5% of sales, in Q1-10, compared to
$1,069,553, or 30.9% of sales, in Q1-09. Net earnings in Q1-10 were $45,482, or
diluted earnings per share of $0.00, compared to net earnings of $227,367, or
diluted earnings per share of $0.02 in Q1-09.


ON BEHALF OF THE BOARD OF DIRECTORS

Scott Forbes, President and Director

About Iplayco Corporation Limited

Iplayco designs, manufactures and installs play structures for indoor and
outdoor venues. Iplayco also owns and operates a family entertainment centre
("The Great Escape") in Langley, British Columbia. For more information, visit
www.iplayco.com.


Cautionary Note Regarding Forward-looking Statements

This news release contains certain forward-looking statements. All statements,
other than statements of historical fact, included herein, including without
limitation statements regarding the Company's business, results or future plans,
are forward looking statements that involve various risks and uncertainties.
There can be no assurance that such statements will prove to be accurate and
actual results and future events could differ materially from those anticipated
in such statements. Important factors that could cause actual results to differ
materially from the Company's expectations are disclosed elsewhere in document
that are available to the public.

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